@ATabarrok Is the issue then the irregularity of claims? If I get a bad burger, I can change purchasing behavior easily. A large claim is an infrequent purchase, and the consequences of a lower than expected payout are quite severe. It's a matter of scale as opposed substance.
@newyorkgrooovee Other teams that lost their best or one of their best players left on the roster to the portal: Kansas, Alabama, NC State, Oregon, Wisconsin, Notre Dame. Honorable Mention: Duke (Khamenia is legit, just didnt see the floor on a good team as a freshman)
@CharlesFLehman CPS unemployment by age segment is very noisy. The smoothed value is higher than it was last year, but I think the more valuable point is that it is similar to what we saw in the mid 2010's which was hardly a catastrophic period for college grads.
@BadCallOfficial I think the argument is that if this is not a deflection, then it is effectively a dribble. You can't dribble with your feet in the backcourt.
@mattyglesias I think AI will genuinely solve this to some extent though. If an agent can solve the Lazy Man problem for you, then you will just be charged the equilibrium price. In some ways this could represent Luddite or Old Person negative discrimination.
@goatpurple1@arpitrage@aarmlovi I agree they’re not worth as much, but as you’ve just indicated they are worth *something. The fact that they’re not profitable is why they only get loans worth a fraction of the underlying asset so if the owner goes tits up the bank can still recover value.
@goatpurple1@arpitrage@aarmlovi I think the point of the article is these projects are, in fact, lent money. In your analogy, I would lend money to an unprofitable restaurant in so far as they have some underlying asset of value that I could take as collateral like these buildings do.
@dieworkwear@chris_j_paxton I think AI will help break down walls between language ability and intelligence, so folks like your father can maximize their talents without being shackled by the circumstances of their birth.
@trevposts I think that is a large overestimate of check-outs for a book especially if its a paperback. Like a big public library probably buys a bunch of new release paperbacks, most of which die in the first year. Which is crazy to think!
@arpitrage@AlanMCole How far “off” the line should development be allowed? At what point does development move into the third dimension that the new optimal path between two points is no longer on “the line”?